Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreAfter nearly 20 years of contentious litigation regarding lead paint use in residences, David Stapleton was appointed receiver of the $409 million lead paint abatement fund awarded to Plaintiffs by the Appellate Court in The People of the State of California v. ConAgra Grocery Products Company, et al. (“Abatement Fund”). The appointment followed a six-month competitive process among ten qualified receivers. About one-year later, Plaintiffs and Defendants settled the matter for $305 million.
The Appellate Court designated a branch of the California Department of Public Health as receiver. When the branch declined to serve, the Superior Court pursued a competitive process to identify a receiver with the experience necessary to administer the abatement fund and the remediation grant application and award process.
Our experts were appointed receiver after an arduous 6-month process among ten qualified receivers. The candidates responded to multiple RFPs and interviews. The finalists provided live testimony in courtroom evidentiary hearings in front of the judge.
Our credentials relative to serving as Receiver for the $409 million Abatement Fund include:*
> Receiverships
Federal and state courts, creditors, and legal counsel choose our team to serve as Receiver of distressed businesses and real estate entities. We stabilize operations and cash flow, safeguard business assets, and pursue methods to maximize financial recovery. Our multidisciplinary team applies a wide breadth of restructuring and industry experience as Receiver to take control of companies facing financial, operational, and legal issues.
> Solutions for Distressed Situations
We deliver integrated solutions for distressed and insolvent businesses that maximize recovery, mitigate risk, and restore enterprise value. Our experts are retained to help distressed organizations stabilize operations, protect stakeholder interests, and execute turnaround strategies. We take an operationally-focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth.
